“Why would Stephen Ross be interested? Because a fortune has been put into it already,” said Howard Davidowitz, chairman of Davidowitz and Associates in Manhattan, a national retail consulting and investment firm. “The issue still is that [retail] rents are going down, space is going up, and everyone is going to want a deal. But if anyone can do it, [Ross] can.”

Ben Thypin, a senior market analyst for Real Capital Analytics in New York, echoed the latter point. He added that Related is more likely than Colony to “finish the job” at Xanadu, because Related has more experience in project management and not just real estate ownership.

Ben Carlos Thypin

I am currently the co-founder of Quantierra, the world's first data driven real estate brokerage and investment manager. In my former life as Director of Market Analysis at Real Capital Analytics, I worked with press outlets large and small to provide them with great data and insightful commentary. Here are some of the results of this collaboration. For the rest, please check out the News Archive.